Three more people have been arrested in connection to a long-running £1m phishing scam which drained the bank accounts of hundreds of UK students.

Two men have already been jailed for their part in the fraud, while two more are due to stand trial this year.

The investigation dates back to August 2011, when Metropolitan Police officers were alerted to a criminal network who were contacting students on the Government loan scheme and asking them to update their bank account details on a bogus website.

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The fraudsters then withdraw up to £5,000 from the accounts at a time, Scotland Yard said.